On the upside
Barclays analyst Blayne Curtis upgraded RF Micro Devices (Nasdaq: RFMD) to an Overweight rating and lifted his price target from $5 to $6.
Deutsche Bank added J. C. Penney (NYSE: JCP) to its short term buy list yesterday.
On the downside
AstraZeneca (NYSE: AZN) and Rigel Pharmaceuticals (Nasdaq: RIGL) reported disappointing results from a midstage clinical trial of their rheumatoid arthritis treatment fostamatinib.
Wunderlich Securities downgraded Allot Communications (Nasdaq: ALLT) to a Hold rating and cut its price target from $27 to $21.
Restoration Hardware (NYSE: RH) reversed year ago losses to post a better than expected profit for the third quarter but the stock price dropped.
In the broad market, declining issues outpaced advancer by a margin of nearly 2 to 1 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 index lost 8 points to 1419.